Commercial Real Estate Market in Wadena, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 291 off-market properties in Wadena, MN.
Market Trends
Wadena, MN spans 136.2 square miles in Wadena County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wadena, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Wadena, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wadena, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Wadena, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 38.8%
- Agricultural 19.2%
- Commercial 17.2%
- Industrial 14.5%
Largest Zones share of zoned land by district
One To Four Family
Agricultural
Commercial
Multiple Family
No Zoning
Wadena, MN zones 3,531 acres across 9 districts. Commercial zoning covers 17.2% of zoned land, residential 38.8% and industrial 14.5%. The largest single district is One To Four Family at 24.7%. For commercial buyers the practical constraint is that only 31.7% of land carries a commercial or industrial designation.
One To Four Family (R-1)
The District is intended for low-density residential development in those areas where such development fits the land use plan and policies, and where municipal utilities are available at reasonable costs
Market overview
Demographics & Economy
Wadena, MN has 6,925 residents in 3,387 households. Density runs 51 people per square mile. Median household income here is $56,356 and median gross rent $699 a month.
6,925
Population
3,387
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
90%
High-School Grad
136.2 sq mi
ZIP Area
51
Density / Sq Mi
$56,356
Median Household Income
$34,651
Median Earnings
$699
Median Rent
$168,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bluffton | — | — |
| Verndale | — | — |
| Hewitt | — | — |
| Deer Creek | — | — |
Commercial property in Wadena, MN asks $65/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wadena?
Commercial property in Wadena, MN asks an average of $65 per square foot.
What zoning applies to commercial property in Wadena?
Wadena, MN zones 3,531 acres across 9 districts, of which 17.2% is commercial and 14.5% industrial. The largest single district is One To Four Family at 24.7% of zoned land. The District is intended for low-density residential development in those areas where such development fits the land use plan and policies, and where municipal utilities are available at reasonable costs Residential zoning covers 38.8% and open space 0%.
Where does Realmo's Wadena market data come from?
Realmo compiles Wadena, MN figures from 6 recent recorded sales, 10 active sale listings, 291 tracked off-market properties, the current Wadena zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Wadena, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,531 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
